Is the Bank of Japan propping up the equity market?

The Bank of Japan appears to be timing its purchases of equity ETFs to support the stock market whenever the Topix falls by more than 1%. However, developments in global markets, and in the yen, remain far more important in determining the performance of Japanese equities.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.